2825 Madison Street, Wilmington, DE 19802-3000 $3,300,000
Age:85 years
Zoning:
26r3
Mobile#: 9631
Subdivision: Ninth Ward
Description
Former Christ our King Convent. Culmination of 4 plus year repurposing project of a detached 3 story all stone magnificent building into 17 luxury units that couldn't be duplicated for 3 times the offering price. Passionate labor of love to get use variance, development, engineering, and construction on the last and best of the 4 building package. From the 16" Indiana Granite and the high ceiling full basement everything is completely new. Roof, hvac, plumbing including drain and pex water lines, windows, hot water heaters, steel framing, electric, sprinkler, and fire monitoring system. The rough in is 95% complete so investors can inspect all the system before the drywall is installed. Projected completion is slated for 6 months so buyers may have the ability to customize kitchens and color choices. 18 car parking lot with access to stone and slate archway patios. Heat, electric and water all separated !! Drive by the project to witness the splendor and grandeur of this one of a kind building that would certainly be the flagship in any investors portfolio. Proforma projections at a true 7 cap available with POF or recognized bank pre approval letter. 48 notice for showings required upon receipt of requested documentation. Owner may consider Purchase Money mortgage with 30% down from qualified buyer. Building is being reassessed for taxes. Call Larry Lee for details or questions. Listing agent is a managing member of Kaab properties llc.
Building SqFt: 11500
Taxes/Year: $38,209/2022
Buyer Agency Comp*: 2 % Of Gross
Features
Utilities
90% Forced Air, Heat Pump - Electric BackUp, Electric, Natural Gas, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Parking Lot
Interior
Accessibility - 36"+ wide Halls, Accessibility - Ramp - Main Level, Accessibility - Wheelchair Mod
Exterior
Stone Exterior
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Public Elementary (29 schools)
Public Middle (9 schools)
School | District | Grades | Place | Distance |
---|---|---|---|---|
duPont (Pierre S.) Middle School | Brandywine School District | 6–8 | Wilmington | 0.36 mi |
First State School | Red Clay Consolidated School District | 1–10 | Wilmington | 0.91 mi |
The Bancroft School | Christina School District | 1–9 | Wilmington | 1.39 mi |
duPont (Alexis I.) Middle School | Red Clay Consolidated School District | 6–8 | Greenville | 2.53 mi |
Douglass School | Christina School District | 1–12 | Wilmington | 2.77 mi |
Springer Middle School | Brandywine School District | 6–8 | Wilmington | 3.07 mi |
Odyssey Charter School | Odyssey Charter School | K–12 | Wilmington | 3.3 mi |
McCullough (Calvin R. ) Middle School | Colonial School District | 6–8 | New Castle | 4.46 mi |
Gateway Charter School | Gateway Charter School | 3–8 | Wilmington | 4.79 mi |
Public High (15 schools)
Private (34 schools)
© 2024 LiveBy. All Rights Reserved.
This report is a detailed community overview for Wilmington (19802), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 25
- Average salary of people in this community: $45,076
Community Summary
- Population Density (ppl / mile): 8,011
- Household Size (ppl): 2.45
- Households w/ Children: 56%
Housing Inventory
- Owned: 5,103 (43.6%)
- Rented: 5,296 (45.2%)
- Vacant: 1,306 (11.2%)
- Total: 11,705
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.9%
- Some High School: 7.8%
- High School Graduate: 45.4%
- Some College: 15.9%
- Associate Degree: 5.1%
- Bachelor's Degree: 12.3%
- Graduate Degree: 11.6%
Income by dollar range
Median Income: $46,176
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $541
- One Bedroom: $819
- Two Bedroom: $1,073
- Three Bedroom: $1,226
- Four Bedroom: $1,326
© 2024 LiveBy. All Rights Reserved.
Information set forth is deemed reliable, but there is no guarantee as to its accuracy and no warranties are made.
Listing data as of 4/27/2024.